According to Odaily, former CFTC Chairman Chris Giancarlo recently shared his insights on the ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple concerning the issuance of XRP. The SEC has accused Ripple of violating securities laws with its issuance of XRP. A federal court has ruled that some aspects of the issuance meet the criteria for securities, while others do not. Giancarlo suggested that the SEC should reconsider its approach, especially in light of recent legal outcomes and the potential for changes in the regulatory landscape. When asked whether the SEC might drop its lawsuit against Ripple, Giancarlo expressed his belief that they should and predicted that they likely will.

Former CFTC Chairman Chris Giancarlo discussed the high-profile US SEC lawsuit against Ripple over XRP in an interview this week. The SEC alleges that Ripple violated securities laws by issuing XRP, with a federal court ruling that some of the offering qualified as securities and others did not. Giancarlo believes that the SEC should reconsider its approach, especially in light of recent legal outcomes and a potentially changing regulatory environment. When asked if the SEC would drop the Ripple lawsuit, Giancarlo said: "I think they should... I bet they will." (Bitcoin.com)

Jesse Pollak, head of the Base protocol, said in a post on X: "Hyperliquid shows that it's a good thing to build a product that people love before injecting price complexity. We've seen the same thing with Base - starting with no tokens allows us to focus on solving real problems, which means we have to really work on it every day. To be clear: Hyperliquid is not the only data point in this regard. In fact, the entire history of startups shows this. There is no doubt that the most important thing is to build a world-class product that people love. That's it. Finally, we reiterate: We have no plans to launch a Base network token. We are focused on building. We want to solve real problems and let people build better. I hope to get your feedback and understand where we can do better."

OKX market data shows that BTC fell below 96,000 USDT and is now trading at 95,952.2 USDT, with a 24-hour drop of 0.68%.

On Dec 01, 2024, 02:34 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,973.0625 USDT, with a narrowed 0.70% decrease in 24 hours.

According to Scam Sniffer, about 10 hours ago, a user lost $1.45 million in Aave USDC after signing a phishing "permit" signature. Previously, he withdrew 159,000 USDC from Hyperliquid to Arbitrum and deposited it in Aave.

Coinglass data shows that the nominal value of open BTC options positions across the entire network today is US$33.67 billion; the nominal value of open ETH options positions is US$8.61 billion.

According to Odaily, a recent annual survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals a significant decline in the popularity of Central Bank Digital Currencies (CBDCs) as a tool for enhancing cross-border payments. The 2024 survey indicates that only 13% of respondents support CBDCs as a solution, a sharp decrease from 31% in 2023. In contrast, nearly half (47%) of the surveyed central bank governors favor interconnected instant payment systems, such as the United States' FedNow service, as the preferred future pathway. The survey also highlights that stablecoins have received zero support for the second consecutive year, reflecting central bank governors' lack of confidence in their ability to enhance global financial infrastructure. The waning interest in CBDCs coincides with the Bank for International Settlements (BIS) withdrawing from the mBridge project. Although BIS denies any political motivations, this move underscores the global tensions surrounding CBDC adoption. Additionally, the survey emphasizes the enduring dominance of the US dollar, with only 11% of central banks reporting a reduction in its usage. This trend is primarily driven by geopolitical uncertainties that have increased demand for the dollar as a safe haven. The survey also points out the challenges faced by the correspondent banking system, which has long facilitated international settlements but is increasingly viewed as outdated and costly due to complex Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. The delayed adoption of the ISO 20022 messaging standard may exacerbate this decline, prompting central banks to explore alternative solutions such as tokenization. Over 40% of central banks in developed markets consider tokenization a promising innovation and plan to begin research in this area within the next three to five years.

Lin Chen, head of Asia Pacific business at Deribit, said in a post on X: ETH ETF started to gain momentum this week, with a large amount of funds inflow, with a total weekly net inflow of US$466.5 million and a net increase of 132,772.03 ETH. BlackRock alone had a net inflow of 69,913.08 ETH on Friday, and even Grayscale ETHE maintained 0 change for two consecutive days on Wednesday and Friday. It pointed out that the current ETH has broken through US$3,600, and the ETH/BTC exchange rate has also rebounded to 0.0382, further reflecting that the market's confidence in ETH is gradually increasing.

THETA price rises 29% to $3.08, achieving a 12-month high with a market cap of $3.10 billion and 24-hour volume up 351%. Theta Network’s price surged to a 12-month high of $3.08 within the last 24 hours, following support at an intraday low of $2.28. This rally increased THETA’s market capitalization by 25% to $3.10 billion, […] The post THETA Price Soars 29%, Rally To Continue? appeared first... source: https://coinscreed.com/theta-price-soars-29-rally-to-continue.html

Golden Finance launches the 2525th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

It has been 15 days since the DEXX theft. As a victim and the leader of a rights protection group, I have sorted out the complete timeline of the incident and the latest developments.

Ripple Labs’ RLUSD stablecoin, an over-collateralized digital currency pegged to the U.S. dollar, is close to receiving approval from the New York Department of Financial Services (NYDFS).

I saw a post about how Einstein recruits talent, and I found it quite interesting and inspiring.

Some time ago, U.S. Senator Cynthia Lummis proposed a bill about Bitcoin called the "Bitcoin Act of 2024", which caused a huge uproar.

Market, Crypto Market, BTC, $100,000 Bitcoin Unstoppable FOMO Golden Finance, "I can calculate the movement of celestial bodies, but I cannot calculate the madness of human beings."

Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents.

Technology, ETH, POW, Why is it said that Ethereum may return to the PoW era? Talk about the new PoW model of ZK hardware accelerated mining Golden Finance, the Web3 industry is developing too fast, and new things appear every day.

In this bull market, the public chain Solana relied on its advantages of fast transaction speed and low gas fees to dominate the majority of the traffic during the meme season. On November 22, the price of the SOL token exceeded $260, setting a new all-time high.

The average airdrop is 2915 HYPE, which is currently worth nearly 20,000 USDT.